Today in the UK there are about 700 credit unions with assets exceeding 200 million pounds. Credit union promotes the effective conservation of personal funds of its members, giving them the loans from the funds of the credit union, as well as the sharing of savings in education, housing, health care and other programs of social support and social development of its members. Is necessary that all shareholders of the credit union were members of a single community, would know each other well enough to enjoy mutual trust. The main advantage of credit unions consists in transparency, controllability, governance for shareholders. The main activities of credit unions, aimed at the organization of mutual aid and social support of citizens is not intended to profit. In some cases, the initiators of credit unions can be trade unions, associations such as social support centers and others. Credit Union - a non-profit financial institution specialized in mutual financial assistance by providing savings and credit services to their members. Credit union as a consumer cooperative operates on the principles of equality of all its members.
Name | Contacts | Info |
---|---|---|
Cvph Employees Federal Credit Union |
75 Beekman St Plattsburgh, NY 12901 | Phone: 518-562-7030 ext. 7414 Routing number: 22195 |